Hotel underwriting from an address
Rooms, the operating history we can rebuild, the capital stack on record and the risk a lender would ask about first. The run below is lender underwriting on a 700-room convention hotel in Salt Lake City.
What a hotel run returns
- NOI rebuilt from rooms, rate and occupancy
- The capital stack on record, including C-PACE
- The demand risk named, with its dates
- A broker opinion of value with comparable sales
Lender underwriting · hotel
Hyatt Regency Salt Lake City
170 South West Temple, Salt Lake City
700-room convention hotel, a $377M project including $54.7M of C-PACE; NOI rebuilt at about $17.1M, and the key risk named: the convention center closed 2027 to 2031
- rooms
- 700
- project cost
- $377M
- NOI, rebuilt
- $17.1M
Drafts for a licensed professional to review and sign; not appraisals.